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Regional Collection Manager

4 weeks ago


Rajkot Aurangabad Solapur, India Skillventory Full time
Job Description

We are seeking a Regional Collection Manager to be accountable for reducing delinquency and improving recovery rates on an assigned portfolio of Tractor Loans. You will be responsible for leading a team of Collection Managers and Executives, initiating legal action on problematic customers, and driving the performance of collection agencies. This role requires strategic planning, forecasting, and a strong focus on execution to ensure collection efficiency and achieve targets.

Roles & Responsibilities:

- Delinquency Management: Accountable for reducing delinquency through flow control and improving recovery rates on the assigned portfolio.
- Team Leadership: Manage a team of Collection Managers and Executives attached to various branches across the state for Tractor Loans.
- Agency Performance: Drive the performance of collections agencies by identifying areas of weakness, recommending solutions, and supporting the collection team to achieve targets.
- Case Allocation: Ensure the timely allocation of cases to Collections Managers and Executives based on geography and vintage.
- Performance Monitoring: Ensure collection efficiency through daily reports and regular reviews with the team.
- Strategic Planning: Strategize, forecast, and execute business plans, including hiring plans.
- Legal Action: Initiate legal action on problematic customers as necessary.

Skills Required:

- Proven experience in collection management and improving recovery rates.
- Strong leadership and team management skills to mentor and drive performance.
- Experience in managing collections agencies and third-party vendors.
- Excellent analytical skills to monitor reports and review team performance.
- Strategic planning and execution abilities, including forecasting and hiring.
- Knowledge of legal procedures related to debt collection.

QUALIFICATION:

- Bachelor's degree in Business, Finance, or a related field, or equivalent experience.